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Sanctioned Beneficial Ownership (SBO) Screening: How to Streamline UBO Investigations
Learn how to cut your UBO investigation time from weeks to minutes with thorough high-risk and sanctioned ownership screening. [Real-life example inside]
How to Tackle PEP Screening Challenges: Best Practices and Expert Tips
Discover the key challenges in screening politically exposed persons and learn best practices to reduce false positives as part of a risk-based approach to compliance.
BaaS is Not in Crisis: Key Insights on Compliance and Risk Management
The Banking as a Service (BaaS) industry isn't in crisis, but it's facing increasing regulatory scrutiny. In the latest "BaaS is Not in Crisis" webinar, compliance experts from Palmera Consulting and FedFis discussed how BaaS players can navigate the evolving landscape, the impact of upcoming regulations, and the importance of automation in maintaining compliance.
BaaS is Not in Crisis: BaaS Banks Less Likely to Be Fined Than Non-BaaS Banks
The Federal Reserve, FDIC and OCC have issued 124 enforcement actions since 2023, but only 22 have focused on BaaS and fines against BaaS banks are smaller and less frequent than those against non-BaaS banks. Learn more about what the data says about the state of embedded finance and practices for preventing an enforcement action.
Best Practices: Transaction Screening and Sanctions Compliance
Sanctions screening is a vital component of processing cross-border transactions. Our latest guide dives into AML and KYC standards for payment screening and the role of transaction screening in preventing financial crimes. Discover the best practices for sanctions compliance and ensure your company is safeguarded against regulatory fines and reputational risks.
Best Practices: Compliance for Banking as a Service (BaaS)
Regulators have increased scrutiny of BAAS partnerships, raising the need for comprehensive compliance programs across sponsor banks, fintech partners and BAAS middleware providers. Learn more about compliance best practices across BAAS and what to look for in a compliance provider.
KYC and AML Fundamentals for Fintechs: 2024 Guide to Navigating Compliance
Fintechs—from crypto exchanges to cross-border remittances providers—face unique challenges to comply with existing Know Your Customer and Anti-Money Laundering (AML) obligations. Read on to understand key regulations impacting fintechs and how to comply with customer onboarding, monitoring and transaction screening requirements.
Sanction Screening 101: A Comprehensive Guide to Compliance and Best Practices
This comprehensive guide on sanctions screening highlights the importance of organizational compliance with international regulations and best practices for effective screening processes.
Is Your Watchlist Data Any Good? We have a 5 minute test
We created a 5 minute test you can give to any compliance vendor to see if their data is any good. This this test is based on our experience as compliance technology users and purchasers in government and the private sector, as well as technology builders.
How to Use the Global Sanctions Index in Country Risk Ratings
Learn how to use the Global Sanctions Index backing dataset to inform country risk ratings, identify sanctions compliance gaps across countries of operation, and identify which countries prioritize fighting financial crime.